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Updated: 11 min 34 sec ago

Santos to buy ConocoPhillips northern Australia business for $1.39 billion

Sun, 10/13/2019 - 23:35
Australian oil and gas producer Santos Ltd on Monday said it would acquire the northern Australia business of ConocoPhillips , the world's largest independent oil and gas producer, for $1.39 billion.
Categories: Financial Media

ConocoPhillips agrees to sell Australian assets to Santos for $1.39 billion

Sun, 10/13/2019 - 23:35
Energy company ConocoPhillips said on Monday it had agreed to sell most of its Australian assets to rival Santos Ltd for $1.39 billion, with the deal expected to close in the first quarter of 2020.
Categories: Financial Media

SoftBank seeks control of WeWork through financing package: WSJ

Sun, 10/13/2019 - 23:21
SoftBank Group Corp. has prepared a financing package for WeWork Companies Inc that would give it control over the shared office space company, the Wall Street Journal reported.
Categories: Financial Media

Emirates says airline can still fly to Mexico, despite court ruling

Sun, 10/13/2019 - 19:08
Emirates still has the right to offer flights to Mexico City, the Dubai state-owned carrier said on Sunday, after Mexican airline Aeromexico disputed an agreement between the United Arab Emirates and Mexico.
Categories: Financial Media

'Broken system' starves U.S. oil boom of immigrant workers

Sun, 10/13/2019 - 15:04
New Mexico oil man Johnny Vega laid out his predicament as his crew hoisted pipes from a well during the biggest oil boom in U.S. history.
Categories: Financial Media

What to watch in third quarter earnings from U.S. companies

Sun, 10/13/2019 - 14:16
U.S. companies are preparing to report third-quarter results following a rocky few months in which they grappled with a U.S.-China trade conflict undermining the business environment and an overall economy that has been showing signs of struggling.
Categories: Financial Media

UAW boosts strike pay as GM walkout continues

Sat, 10/12/2019 - 22:48
The United Auto Workers union said Saturday it will boost strike pay for 48,000 hourly workers at General Motors Co by $25 a week to $275 as a strike against the largest U.S. automaker nears the end of its fourth week.
Categories: Financial Media

Lyft follows Uber in suing NYC over cruising time caps

Sat, 10/12/2019 - 22:24
Lyft Inc, following its rival Uber's move, has sued New York City seeking to nullify a new rule limiting the time its drivers are allowed to spend cruising in Manhattan without passengers, the company said on Saturday.
Categories: Financial Media

China's Xinhua focuses more on progress, less on a pending U.S. trade deal

Sat, 10/12/2019 - 05:58
U.S. officials on Friday promised a "Phase 1" deal with China on a host of conflicts from intellectual property to currency was imminent, but China's official state-owned news organization Xinhua struck a more cautious tone.
Categories: Financial Media

Global risk 'confluence,' as tariffs, Brexit, weaker forecasts collide

Sat, 10/12/2019 - 05:15
Higher tariffs. Slower growth. The countdown to Brexit.
Categories: Financial Media

One man dies as wind-driven Los Angeles wildfire forces 100,000 to flee

Sat, 10/12/2019 - 03:51
A fierce, wind-driven wildfire swept through foothills and canyons along the northern edge of Los Angeles on Friday, engulfing homes, closing roads and devouring acres of dry brush and chaparral as 100,000 residents were forced to flee.
Categories: Financial Media

Volkswagen mulling sale or stock listing for Lamborghini: Bloomberg

Sat, 10/12/2019 - 02:27
Volkswagen is looking at options for its luxury brand Lamborghini, including a sale or stock listing, Bloomberg reported on Friday, citing people familiar with the matter.
Categories: Financial Media

U.S. outlines 'Phase 1' trade deal with China, suspends October tariff hike

Sat, 10/12/2019 - 01:43
U.S. President Donald Trump on Friday outlined the first phase of a deal to end a trade war with China and suspended a threatened tariff hike, but officials on both sides said much more work needed to be done before an accord could be agreed.
Categories: Financial Media

Boeing board strips CEO of chairman title amid 737 MAX crisis

Sat, 10/12/2019 - 01:42
Boeing Co's board has stripped chief executive Dennis Muilenburg of his chairmanship title, in an unexpected strategy shift announced by the U.S. planemaker on Friday only hours after a global aviation panel criticized development of the troubled 737 MAX.
Categories: Financial Media

PG&E turns down San Francisco's $2.5 billion offer to buy assets

Sat, 10/12/2019 - 01:22
PG&E Corp rejected a $2.5 billion offer from San Francisco to buy the bankrupt Californian company's power lines and other infrastructure within the city, calling the offer inadequate.
Categories: Financial Media

Exclusive: Sempra nears $3 billion Chile sale to China's State Grid - sources

Fri, 10/11/2019 - 23:46
U.S. power company Sempra Energy is near an agreement to sell its Chilean business to State Grid Corporation of China for close to $3 billion, the latest deal in its bid to shed non-core assets, people familiar with the matter said on Friday.
Categories: Financial Media

U.S., China agree 'Phase 1' trade deal; Trump suspends October tariff hike

Fri, 10/11/2019 - 23:35
The United States and China agreed on Friday to the first phase of a deal to end a trade war, prompting President Donald Trump to suspend a threatened tariff hike, but officials said the agreement had to be put on paper and more work was required to get it finalized.
Categories: Financial Media

U.S. farmers cheered by apparent trade truce, hope shipments to follow

Fri, 10/11/2019 - 23:35
U.S. farmers cheered the Trump administration's announcement of a potentially dramatic increase in U.S. agricultural sales to China on Friday but warned they needed to see a follow-through of actual purchases.
Categories: Financial Media

Boeing's board separates CEO, chairman roles

Fri, 10/11/2019 - 23:32
Boeing Co said on Friday it was separating the roles of chairman and chief executive officer to allow CEO Dennis Muilenburg to focus full time on running the planemaker as it works to return the 737 MAX safely to service.
Categories: Financial Media

QE on the QT? Fed says no, economists say maybe so

Fri, 10/11/2019 - 23:27
The U.S. Federal Reserve's quick pivot from shrinking its balance sheet by around $50 billion per month to now expanding by $60 billion monthly, has shown both the difficulty the Fed has faced under a shifting political environment, as well as the risks of experimenting with market-sensitive systems in real time.
Categories: Financial Media